National Bank of Canada (TSE:NA) Receives C$136.10 Consensus Target Price from Analysts

Shares of National Bank of Canada (TSE:NA) have earned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$136.10.

NA has been the subject of a number of analyst reports. Canaccord Genuity Group lifted their price target on National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. CIBC lifted their target price on National Bank of Canada from C$135.00 to C$141.00 in a research report on Tuesday, November 26th. BMO Capital Markets increased their price target on National Bank of Canada from C$125.00 to C$143.00 in a research report on Monday, November 18th. TD Securities dropped their price objective on National Bank of Canada from C$140.00 to C$138.00 in a research note on Thursday, December 5th. Finally, Royal Bank of Canada upped their target price on shares of National Bank of Canada from C$116.00 to C$134.00 in a research note on Thursday, December 5th.

National Bank of Canada Trading Up 1.5 %

National Bank of Canada stock opened at C$132.48 on Monday. The firm’s fifty day moving average price is C$134.04 and its two-hundred day moving average price is C$124.30. The firm has a market capitalization of C$45.09 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 1-year low of C$98.04 and a 1-year high of C$141.15.

National Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Monday, December 30th will be paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.44%. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10. The ex-dividend date is Monday, December 30th. National Bank of Canada’s payout ratio is presently 42.84%.

Insider Transactions at National Bank of Canada

In other news, insider Marie-Chantal Gingras sold 600 shares of National Bank of Canada stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total value of C$79,674.00. Also, Senior Officer Brigitte Hébert sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$132.46, for a total transaction of C$52,984.00. 0.21% of the stock is currently owned by company insiders.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.